PURSUANT to the terms of a certain security agreement and promissory note dated _______, 20 __, you are hereby notified that the property held as collateral will be sold at an auction open to the public. The date, time and place of the auction are:
Date: ___________
Time: ___________
Place: _____________________
In the event that the sale of the collateral at the auction does not provide sufficient funds to satisfy the underlying debt, you will continue to be responsible for any remaining deficiency.
Your property may be reclaimed by paying the entire amount due before the sale.